Power Finance Corporation issues India's first-ever Euro Green Bond

Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.

Sep 16, 2021 05:09 IST India Infoline News Service

Power Finance Corporation Ltd.
Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has successfully issued its maiden Euro 300 million 7-year Euro Bond issuance on Sept 13, 2021.

The pricing of 1.841% achieved is the lowest yield locked in by an Indian issuer in the Euro markets.

It is the first-ever Euro denominated Green bond issuance from India, Ministry of Power said.

Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.

The issuance saw strong participation from institutional investors across Asia and Europe with participation from across 82 accounts and was oversubscribed 2.65 times.

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